Excise on goods transfer
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 October 2014
Dear Sir,
In my company there is Two separate factory Plant 1 & Plant ,
Plant 1 - Sale "X Product" (joint product) to Plant to ( Plant - 2 is in same city, 10 km dist.) "X Product" is exciseble same have been charge on the sale to plant -2
Plant - 2 Process "X Product" to "Y Product" which is also exciseble but Plant - 2 sale "Y Product" Direct to export sale , due to this problem Plant -2 not charge Exciseble duty on "Y Product" & not use Excise input which is paid at the time purchase of "X product"
Therefore tell if any procedure to transfer raw material without excise duty charge from Platn -1 to Plant -2 or any other adjestment to save my E duty
In my company there is Two separate factory Plant 1 & Plant ,
Plant 1 - Sale "X Product" (joint product) to Plant to ( Plant - 2 is in same city, 10 km dist.) "X Product" is exciseble same have been charge on the sale to plant -2
Plant - 2 Process "X Product" to "Y Product" which is also exciseble but Plant - 2 sale "Y Product" Direct to export sale , due to this problem Plant -2 not charge Exciseble duty on "Y Product" & not use Excise input which is paid at the time purchase of "X product"
Therefore tell if any procedure to transfer raw material without excise duty charge from Platn -1 to Plant -2 or any other adjestment to save my E duty
12 November 2014
Dear Sir,
Government had made provision for your case.
1)make application to assistant commissioner
for duty free procurement of goods form Plat 1
2) Execute general bond B 1
3)prepare documents as mentioned notification
there process is very brief and practically
it difficult to explain here.
ref Notification no. 43/2001 dated 26-6-2001.
or you can contact us.
Government had made provision for your case.
1)make application to assistant commissioner
for duty free procurement of goods form Plat 1
2) Execute general bond B 1
3)prepare documents as mentioned notification
there process is very brief and practically
it difficult to explain here.
ref Notification no. 43/2001 dated 26-6-2001.
or you can contact us.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Advances to related party
- Section 269ST applicability for capital introduced by partner to his partnership firm
- ETDS return q4 25-26
- Capital Gains Tax on Inherited Mutual Fund
- IMS (import of goods) ITC related
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
